Land Remediation Relief
Claim up to 150% on the cost of cleaning up contaminated land or buildings
through the Land Remediation Relief (LRR) initiative
Did you know that incurring costs to clean up your land may entitle you to claim substantial tax relief?
If you’re a property owner, investor or developer you could be eligible to claim up to 150% on the cost of cleaning up contaminated land or buildings through the Land Remediation Relief (LRR) initiative.
At Momentum, we’re committed to helping you claim the costs of reinstating contaminated land or buildings. We work with you to prepare and submit a detailed LRR tax claim resulting in improved cash flow and to support the profitability of your property developments.
Our Experienced Tax Consultants will work with you to
prepare and submit a detailed LRR tax claim
What is Land Remediation Relief (LRR)?
LRR is a generous corporation tax initiative available to property owners, investors and developers who incur
expenditure on the remediation of contaminated land, including derelict structures.
The types of remediation costs that are covered under LRR include:
- The removal of contaminants such as radon and arsenic
- The removal of asbestos from buildings
- The extraction of buried structures
- The treatment of harmful organisms and vegetation, such as Japanese Knotweed
You may also be able to claim relief against the cost of regeneration projects, developments and refurbishments at the following rates:
- Owner occupier/Investor - 150%
- Developer - 50%
- Loss making companies tax credit - 24%
If you want to know more about how we could help you secure significant tax relief for the work undertaken on your land, talk to our expert Tax Credit Consultants.